30 Lakh SBI Home Loan

SBI is one of the leading banking institutions in India. It offers a wide range of services to its customers, from personal loans and home loans to Internet banking. Talking about the 30 lakh SBI home loan, it is enabling individuals to lay the foundation of their respective futures, helping them buy their respective dream homes. So, whether you're a first-time buyer or looking to invest in property, understanding the nuances of SBI's home loan process is crucial to making an informed decision. 

30 Lakh Home Loan SBI – Highlights

Here are the basic highlights of getting a SBI 30 lakh home loan. 

30 Lakh Home Loan EMI for 10 Years From SBI

The SBI 30 lakh home loan EMI starts at an interest rate of 8.40% p.a. Here’s a basic breakdown of 30 lakh home loan EMI if borrowed for 10 years. 

30 Lakh Home Loan EMI for 15 Years From SBI 

Here is the basic snapshot of a 30 lakh home loan if you borrow it for 15 years. 

30 Lakh Home Loan EMI for 20 Years From SBI

Taking a 30 lakh home loan for 20 years will reduce the total EMI. Here’s a basic breakdown of the loan amount, interest rate, and more for the SBI 30 lakh home loan EMI. 

30 Lakh SBI Home Loan – Fees & Charges

Here is a glimpse of the applicable fees for SBI Home Loan. 

• Home Loan Regular: 0.35% of the loan amount plus GST, minimum INR 2,000/- and maximum INR 10,000/-
• Home Top-Up Loan: A total of 0.35% of the loan amount plus applicable GST, (minimum amount 2000/-) (maximum amount 10,000/-) plus GST. 
• SMART Home Top-up Loan: 2000+GST
• Insta Home Top-Up Loan: 2000+GST 
• YONO Insta Home Top-Up Loan (Digital Product): 2000 + GST 

30 Lakh SBI Home Loan – Documents Required

The list of papers/ documents applicable to all applicants for a 30 lakh SBI home loan is as follows:

• Loan Application
• Proof of Identity and proof of residence 
• Property Papers
• Permission for construction (where applicable)
• Approved Plan copy (Xerox Blueprint)
• Last 6 months’ Bank Account Statements for all Bank Accounts held by the applicant/s
• If there were any previous loan from other Banks/Lenders, then the Loan A/C statement for the last year
• Income Proof for Salaried Applicant/ Co-applicant/ Guarantor:
• Business address proof
• IT returns for the last 3 years
• Balance Sheet and Profit & Loss A/c for last 3 years
• Business Licence Details (or equivalent)
• TDS Certificate (Form 16A, if applicable)
• Certificate of qualification (for C.A./ Doctor and other professionals)

30 Lakh SBI Home Loan – Eligibility Criteria

Here is a basic snapshot of the eligibility criteria for a 30 lakh SBI home loan. 

• The applicant must be a resident of India. 
• He should be a minimum of 18 years of age and a maximum of 70 years of age 
• The applicant must be salaried or a self-employed individual